A full-service restaurant, bar, and gaming hall in the heart of walkable Avondale Estates.
Wess Invest’s first acquisiton in 2017, My Parent’s Basement is a full-service restaurant with games and comic books. Since acquiring My Parent’s Basement, Avondale Estates has bloomed into one of Atlanta’s dearest and most desirable neighborhoods. Its retail scene has exploded, and the walkable downtown has undergone a transformation that has left it unrecognizable. That process continues, with developments surrounding the property ongoing.
The tenant has twice renewed its lease leading to significantly improved cash flow. Additionally, two sales of excess land included in the initial purchase have been consummated, allowing for the majority of equity to be returned to initial investors and a much reduced basis.
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